By Kenneth Marcos 
Amid growing questions on the use of public funds for government projects, the Land Bank of the Philippines (LANDBANK) has firmly stated that all its transactions involving government contractor accounts—particularly those linked to the Department of Public Works and Highways’ (DPWH) flood control projects—were conducted properly and legally.
In recent days, public attention has turned toward alleged irregularities in fund handling for major infrastructure works. Concerns have surfaced over whether government agencies and partner institutions like LANDBANK have maintained full transparency and followed due process.
But in a statement released this week, LANDBANK assured the public that all transactions under its care were made “in accordance with laws and regulations.” The bank emphasized that it upholds the highest standards of accountability in managing government funds.
“We follow strict compliance procedures with all relevant rules,” the statement read. “This includes accounts related to infrastructure contractors, such as those involved in DPWH’s flood control programs.”
The bank clarified that its role is primarily to provide banking services for various government agencies, including the safe and efficient handling of funds for national development projects. While LANDBANK processes payments and disbursements, it relies on documents and instructions submitted by government agencies and follows strict auditing protocols set by regulators like the Commission on Audit (COA) and the Bangko Sentral ng Pilipinas (BSP).
Focus remains on farmers and fishers
Despite the controversy, LANDBANK emphasized that its main mission remains unchanged: to support the country’s agricultural sector and provide financial services to underserved communities.
“As a government financial institution, LANDBANK continues to serve farmers, fishers, and rural communities,” the bank said. “We are committed to empowering Filipinos, especially those in agriculture, through accessible loans, financial tools, and community development programs.”
Over the years, LANDBANK has played a key role in financing irrigation systems, post-harvest facilities, and livelihood programs in far-flung areas. In 2024 alone, it released over ₱270 billion in loans to support the agriculture and fisheries sector, according to official data.
Calls for transparency and accountability
The flood control project issue comes at a time when the public is demanding greater transparency in government spending. Infrastructure projects funded by taxpayers—especially those aimed at disaster prevention like flood control—are under heightened scrutiny as natural disasters continue to worsen due to climate change.
Analysts say this scrutiny is necessary to prevent corruption and ensure funds are used properly. “People have the right to know where their taxes go,” said a policy researcher from a Manila-based think tank. “Banks like LANDBANK play a critical role in ensuring public trust through financial integrity.”
As of now, no official charges or findings have been filed against LANDBANK related to this matter. The bank reiterated that it is fully cooperating with any investigation or audit process.
Moving forward with trust
While investigations may continue, LANDBANK called on the public to remain confident in the systems that safeguard government funds. It also encouraged stakeholders to focus on collaborative efforts that benefit Filipino communities, especially those still struggling with poverty and limited access to basic services.
LANDBANK concluded its statement by saying it will continue to work for national development while maintaining full transparency and accountability in all its operations.
Pwersa Balita – Your Trusted Source in Agri News